Taiwan's hiring outlook 2nd highest in Asia Pacific in Q3

2018/06/12 19:26:54

Taipei, June 12 (CNA) Taiwan's hiring outlook for the third quarter of this year is the second highest in the Asia-Pacific region, trailing only Japan, U.S.-based human resources advisory firm ManpowerGroup said Tuesday.

The financial and manufacturing sectors appeared the keenest in Taiwan to recruit newcomers in the July-September period, ManpowerGroup added.

Citing the latest ManpowerGroup Employment Outlook Survey, which collected 1,033 valid questionnaires from employers in Taiwan, the advisory firm said net hiring outlook stood at 24 percent, the second highest level among eight economies in the Asia-Pacific region after Japan's 26 percent.

The poll, which reflects hiring confidence among employers, calculated net employment outlook after seasonal adjustments by subtracting the percentage of employers anticipating a decline in total employment from the percentage expecting an increase.

In the survey, about 29 percent of employers polled in Taiwan said they plan to expand their workforce during the July-September period, while 3 percent said they will cut jobs and about 67 percent said they expect the size of their workforce to remain the same.

After seasonal adjustments, the net employment outlook for the third quarter stood at 24 percent, down 1 percentage point from the previous quarter but unchanged from a year earlier, ManpowerGroup said.

The financial and manufacturing sectors were tied with a net hiring outlook of 31 percent for the third quarter, the highest among the seven major sectors reviewed in the survey, ManpowerGroup said.

The advisory firm said the local financial sector is keen to hire new tech talent in the wake of rising needs to expand the sector's financial technology (FinTech) in a bid to boost competitiveness.

The net hiring outlook in the financial sector for the third quarter was up one percentage point from the previous quarter but fell one percentage point from a year earlier, the advisory firm said. In the meantime, the local manufacturing sector is eager to expand its workforce on the back of strong global demand at a time of economic recovery worldwide, the advisory firm said.

The net hiring outlook in the manufacturing sector for the third quarter was up two percentage points from a quarter earlier and also up three points from a year earlier, the advisory firm added.

The service sector came in third with a net hiring outlook of 27 percent on rising demand for technology services, ahead of the retail/wholesale sector with a net hiring outlook at 26 percent, the advisory firm said.

Following Japan and Taiwan, India and Hong Kong took third spot in the Asia-Pacific region with a net hiring outlook of 17 percent, ManpowerGroup said.